🏛 [Analysis] Katherine Wu on Regulation in Crypto, and the Cost of Grey Areas – Tony Sheng, Katherine Wu

Tony Sheng interviews Katherine Wu about the current crypto regulation landscape:

• The combination of retail investors complaints to their state or federal customer protection agencies, people raising money that shouldn’t be able to, and ICO stories being sensationalized by mainstream media are likely why regulation and enforcement have become recent focuses of crypto
• Insufficient disclosure is a huge problem in the crypto industry since it’s not fair to stakeholders. Crypto is a new industry so everything is a bit of trial and error, and the most important thing is open communication
• Short to medium term regulatory enforcement is going to target direct issuers and intermediaries such as broker-dealers
• Regulatory uncertainty is hard and unfortunately for any businesses that are outside of the US, the question unfortunately becomes about how important the US customers are